Apollo Global Management (APO) Projected to Post Quarterly Earnings on Tuesday

Apollo Global Management (NYSE:APO) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.92 per share and revenue of $954,924.04 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Apollo Global Management Stock Down 2.8 %

APO opened at $167.20 on Tuesday. Apollo Global Management has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $94.61 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.36 and a beta of 1.63. The stock’s 50 day moving average price is $169.72 and its 200 day moving average price is $142.09.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,600 shares of company stock valued at $34,186,128. Insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on APO shares. Wells Fargo & Company lowered their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Citigroup lifted their price target on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.